Amid the investment slowdown due to the COVID-19 pandemic, GoBear has managed to secure an additional US$17 million in funding to help it become a full-fledged financial services platform.
The investors are Dutch venture capital firm Walvis Participaties and life insurance and asset management provider Aegon. This brings GoBear’s total funding to US$97 million.
Boosted by this new round of funding, the fintech firm is focusing on digital insurance brokerage, digital lending and online financial supermarket, and expanding its consumer financial services platform in Asia.
Founded in Singapore in 2014, GoBear also has presence in Hong Kong, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam.